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Report
United States Hand Tools Market By Product Type (Wrenches, Pliers, Screwdrivers, Hammers, Cutters, and Others (Clamps & Vices, etc.)), By Application (Industrial, Commercial, and Home Use (DIY)), By Distribution Channel (Offline Vs. Online), By Region, By Company, Forecast & Opportunities, 2018-2028
Market Report I 2023-08-01 I 76 Pages I TechSci Research
The United States hand tools market size is anticipated to register an impressive CAGR during the forecast period. It is expected that the growing demand for tools with simple controls would increase tool output, accelerating industry growth. Additionally, the growing use of hand tools in aerospace, automotive, manufacturing, metalworking, and other sectors could accelerate industry growth. Additionally, it is anticipated that increased manufacturing activity will increase sales of the hand tool. Additionally, it is anticipated that the tools' affordability will draw customers. In the upcoming years, these elements might encourage market expansion.
In order to cut down on time requirements and boost operational efficiency, tool manufacturers concentrate on creating high-performance, multifunctional tools. As more sectors use the product, producers are compelled to create effective and long-lasting tools. Additionally, the growing development of multipurpose tools is probably going to promote market growth. Additionally, producers want to provide innovations to draw in business expansion and increase the use of hand tools. These elements could fuel the expansion of the hand tool market.
Consumer desire for hand tools and equipment for repair and modification is being driven by the growing influence of social media and expert repair tutorials. The need for convenience furniture and other items with quick assembly and disassembly capabilities is also significantly driving the demand for hand tools in the US.
During the forecast period, it is also projected that the availability of a wide variety of multifunctional tools meeting various consumer needs will enhance demand for hand tools in the United States. Additionally, with the development of technology, manufacturers are now able to create reliable tools using a variety of raw materials, including iron, black metal, and steel.
Increasing Trend of Do-It-Yourself Activities Fuels Market Growth
Consumer preferences are changing as a result of the development of technological solutions such as voice assistance and smart homes. Additionally, the abundance of knowledge on the internet about almost anything is promoting the do-it-yourself (DIY) trend, in which customers solve problems on their own without consulting an expert. Do-it-yourself projects include building, fixing, and maintaining things around the house or in cars, such as replacing the tires. As a result, demand for hand tools such as hammers and screwdrivers is rising. Due to Covid-19 and the subsequent lockdowns have increased the do-it-yourself tendency. Additionally, the DIY home renovation sector is expanding rapidly, which is fueling market expansion. The use of home repair tools, equipment, and appliances is increasing as a result, which is boosting the market growth for hand tools in the United States.
New Product Launches Fuels Market Growth
American companies are manufacturing new products for the convenience of consumers, which fuels the demand and growth of the hand tools market in the United States. For instance, DEWALT launched the new TOUGHSERIES hand tools, which are redefining the standard of tough. TOUGHSERIES is a brand-new collection of high-end hand tools that stands for the toughest hand tools. The TOUGHSERIES portfolio, which was created for heavy-duty use in the most demanding applications, began with tapes and was followed in the fall by hammers and screwdrivers. TOUGHSERIES hammers are 5X more robust than prior models, while TOUGHSERIES screwdrivers boast 10X more corrosion resistance than previous models. TOUGHSERIES tapes feature casing that withstands a 100-foot drop.
Market Segmentation
United States hand tools market is segmented on the basis of product type, application, distribution channel, region, and company. Based on product type, the market is segmented into wrenches, pliers, screwdrivers, hammers, cutters, and others (clamps & vices, etc.). Based on application, the market is segmented into industrial, commercial, and home use (DIY). Based on distribution channels, the market is segmented into offline and online.
Market Players
Stanley Black & Decker, Inc., Klein Tools, Inc., Snap-on Tools Company LLC, Kennametal Inc., Channellock, Inc., JPW Industries Inc., IDEAL Industries Inc., CS Unitec, Inc., Reed Manufacturing Co., Vaughan & Bushnell Mfg. Co. is the major market player in the United States hand tools market.
Report Scope:
In this report, the United States hand tools market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- United States Hand Tools Market, By Product Type:
o Wrenches
o Pliers
o Screwdrivers
o Hammers
o Cutters
o Others
- United States Hand Tools Market, By Application:
o Industrial
o Commercial
o Home Use (DIY)
- United States Hand Tools Market, By Distribution Channel:
o Offline
o Online
- United States Hand Tools Market, By Region:
o South
o West
o Mid-West
o North-East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United States hand tools market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on United States Hand Tools Market
5. Voice of Customer
5.1. Brand Awareness
5.2. Factors Influencing Purchase Decision
5.3. Challenges Faced Post Purchase
6. United States Hand Tools Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (Wrenches, Pliers, Screwdrivers, Hammers, Cutters, and Others (Clamps & Vices, etc.))
6.2.2. By Application (Industrial, Commercial, and Home Use (DIY))
6.2.3. By Distribution Channel (Offline Vs. Online)
6.2.4. By Region (South, West, Mid-West, North-East)
6.2.5. By Company (2022)
6.3. Market Map (By Product Type, By Application, By Distribution Channel, By Region)
7. South Hand Tools Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Application
7.2.3. By Distribution Channel
8. West Hand Tools Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Application
8.2.3. By Distribution Channel
9. Mid-West Hand Tools Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Application
9.2.3. By Distribution Channel
10. North-East Hand Tools Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Application
10.2.3. By Distribution Channel
11. SWOT Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Policy & Regulatory Landscape
15. United States Economic Profile
16. Competitive Landscape
16.1. Company Profiles
16.1.1. Stanley Black & Decker, Inc.
16.1.2. Klein Tools, Inc.
16.1.3. Snap-on Tools Company LLC
16.1.4. Kennametal Inc.
16.1.5. Channellock, Inc.
16.1.6. JPW Industries Inc.
16.1.7. IDEAL Industries Inc.
16.1.8. CS Unitec, Inc.
16.1.9. Reed Manufacturing Co.
16.1.10. Vaughan & Bushnell Mfg. Co.
17. Strategic Recommendations
18. About Us & Disclaimer
(Note: The companies list can be customized based on the client requirements.)
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